New Year, New Plans

Only a month into the new year, and Pueblo de Oro Development Corporation (PDO) is already headed towards new plans and big moves.

Starting with a bang, PDO has just entered into a Php 300 million 7-year unsecured term loan agreement with United Coconut Planters Bank (UCPB). The loan will be used for the development of Pueblo de Oro’s recently acquired 84 hectares of land, now totaling to 547 hectares located in key cities nationwide.

This term loan, along with our robust sales and innovative housing projects, further strengthens our financial flexibility and business strategy. We’re going to be more aggressive in the key cities we are located because we see a lot of growth in Batangas, Pampanga, Cagayan de Oro and Cebu.

PDO achieved its highest sales ever in 2018 with P1.6 billion in booked sales. We sold out Westwoods and The Enclave in Cagayan de Oro, Park Place in Batangas and Cebu, and La Aldea Fernandina in San Fernando, Pampanga. The demand for housing continues to be strong, which is why we want to continue the momentum in these provinces.

In Cagayan de Oro, PDO acquired an additional 40 hectares of prime land in the southern part of the 400-hectare township, and masterplanning is underway for a new mixed-use development with a slew of residential subdivisions. At the same time, a pioneering three-storey townhouse project called Bamboo Lane was recently launched. With a total of 122 residential units in 16,000 square meters of land, construction has already begun and the townhouses are selling fast.

In Luzon, we are carrying on with plans to increase our housing inventory in the 30-hectare San Fernando, Pampanga community. As a sequel to our fast-selling La Aldea Fernandina I, the 12-hectare La Aldea Fernandina II is bigger and has more amenities. The house design was also adjusted to give it a fresher look. In Sto. Tomas, Batangas, a twin homes model was introduced in La Aldea for residents who prefer a bigger lot size.

Pueblo de Oro achieved historical highs in sales revenue and net income in the last two years, and 2019 promises to be an even better year. This has been made possible because we believe in our projects and we work closely with partners who share our vision and plans. As we usher in the new year, we will continue to strive to achieve our goal of making Pueblo de Oro a formidable brand in the real estate industry with our affordable payment terms, uncompromised quality, and responsive customer service, “the gold standard in community living.”

Rhoel Alberto B. Nolido

President & COO